| | Published : May 01st, 2012 | Announces Resource Estimate at Brewery Creek Project of 580,000 Indicated ounces and 345,000 Inferre |
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Golden Predator Announces Resource Estimate at Brewery Creek Project of 580,000 Indicated ounces and 345,000 Inferred ounces of Gold
Vancouver, Canada � May 1st, 2012: Golden Predator Corp. (TSX:GPD) (the �Company�) is pleased to announce it has completed its resource estimation for its Brewery Creek Project in the Yukon, Canada. Indicated Resources are estimated at 20.4 million tonnes grading 0.89 g/t gold and Inferred Resources are estimated at 13.0 million tonnes grading 0.83 g/t gold. Estimated resources contain approximately 581,000 gold ounces classified as indicated and 345,000 gold ounces classified as inferred, using cut off values of 0.20 g/t gold for oxide material and 0.70 g/t gold for sulfide material.
The Mineral Resource Estimates for the Company�s Brewery Creek Project has been estimated by EBA, A Tetra Tech Company (EBA), utilizing the Company�s drilling and sampling programs, together with independently-validated historic sampling and drilling data conducted by previous operators including Loki Gold, Viceroy and Alexco Resource Corp. A total of 54,822 samples from 1,244 drill holes, totalling 106,650 m (34,929 samples from 957 RC holes, totalling 67,689 m, and 19,983 samples from 287 core holes, totalling 38,981 me) were composited to 2 m lengths and interpolated into six separate Gemcom GEMS partial block models. Ordinary Kriging (OK) methodology was applied to interpolate gold grades for the Big Rock, Bohemian-Schooner, Fosters and North Slope Deposits, and Inverse Distance cubed (ID3) methodology was applied to interpolate resources for the Classic Deposit. Oxide resources were defined by partial or full blocks lying above an interpreted redox boundary supplied by the Company and based on actual drill hole logs.
Resource Estimates at Alternative Cut-off Grades
Project Geology
Cretaceous-age quartz monzonite sills and subordinately, lower Paleozoic siliciclastic sedimentary strata, host epithermal-style gold mineralization at Brewery Creek. En echelon-style quartz veinlets and stockworks cut the pervasively clay-altered and locally silicified intrusions. Areas of elevated gold tenor relate directly to zones of concentrated quartz veining, though most of the lower-tenor material occurs as disseminations in the altered and strongly limonitic intrusions. Trace elements associated with gold mineralization include As, Sb and Hg, and unoxidized portions of the deposits commonly contain abundant pyrite and stibnite. Resources are reported from six zones which are mostly open to expansion in one or more directions laterally as well as at depth. Ongoing exploration has been designed to increase known resources as well as to identify new resource areas within the project area.
Project Overview
The Brewery Creek property was operated by Viceroy Gold from 1996 to 2002 as an open pit operation with run of mine material delivered to the heap leach pad. Historic overall gold recovery from the heap leach operation is estimated at approximately 60%. Historic reports indicate that a run-of-mine mixture which included preg robbing material was placed on the heap leach which reduced ultimate recoveries. The Company is undertaking a metallurgical characterization program to properly identify gold recovery profiles and preg robbing characteristics by mineralized area. The program will include large diameter core drilling in the summer of 2012 for use in column leach tests by mineralized area and metallurgical rock type. Data indicates that the preg robbing material is predominantly restricted to sedimentary rocks which can be visually identified and selectively removed from material reporting to a process facility.
The Brewery Creek Mineral Resource Estimate was completed by EBA, using Gemcom GEMS modelling software to conform to guidelines and definitions established by National Instrument 43-101 and the Canadian Institute of Mining and Metallurgy. James Barr, PGeo, an Independent Qualified Person from the consulting firm of EBA, and Bruce Otto, PGeo, Qualified Person and Senior Geologist with Golden Predator Corp., have reviewed and approved the contents of this news release. The Company will file a Technical Report in support of the disclosed resource estimates will be filed on SEDAR not more than 45 days from the date of this release.
About Golden Predator Corp.
Golden Predator Corp., Yukon�s Gold Company, is mandated to become a mid-tier gold producer. Golden Predator�s road-accessible advanced properties include its flagship Brewery Creek Project at which the Company is moving aggressively to a near term production decision, as well as its Grew Creek and Clear Creek Projects.
Golden Predator has one of the largest controlled land position in the Yukon, with exploration holdings in excess of 1,000,000 acres, and is committed to strong relationships with Yukon First Nations and communities. Golden Predator�s management and technical teams continue to lead aggressive exploration programs in the underexplored regions of the Yukon, and are driven to bring value to shareholders and leave a positive legacy.
For additional information:
Golden Predator Corp.
William M. Sheriff, Chairman & Chief Executive Officer
(604) 648-GOLD (4653)
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance. There are numerous risks and uncertainties that could cause actual results and Golden Predator's plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, Golden Predator assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.
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Golden Predator.
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PRODUCER |
CODE : GPY.V |
ISIN : CA38116P1053 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Golden Predator. is a gold development stage company based in Canada. Golden Predator. develops gold and silver in USA, and holds various exploration projects in Canada. Its main asset in production is BALD MOUNTAIN in USA, its main asset in development is TAYLOR MINE in USA and its main exploration properties are BREWERY CREEK, CLEAR CREEK, LANTERN DEPOSIT, ST. ELMO, BUENA VISTA/FRENCH BOY, CEDAR (NEVADA), BOND, OGOPOGO, DEL, AGATE, MEL, DAD, LED, CHOPIN, MCCONNEL, DOME HILL, GOLD (SCHEELITE) DOME, HARLAN, PHOENIX JV, ANTIMONY MOUNTAIN, WINDFALL LAKE, ALBERTA SUN, TUSCARORA, AFGAN, GREW CREEK, ADELAIDE, WILLOUGHBY, ALKALIC, ANGEL'S CAMP, GOLDEN RIDGE ( NEVADA), PAN, TONKIN PROJECT, SONORA GULCH, MARG, BRUIN CREEK and BROWNS CREEK in Canada and GUIJOSO and MAGISTRAL I in Mexico. Golden Predator. is listed in Canada. Its market capitalisation is CA$ 14.7 millions as of today (US$ 11.6 millions, € 9.8 millions). Its stock quote reached its highest recent level on November 19, 2010 at CA$ 9.80, and its lowest recent point on April 25, 2014 at CA$ 0.03. Golden Predator. has 91 570 000 shares outstanding. |
Corporate Presentations of Golden Predator. |
In the News and Medias of Golden Predator. |
Annual reports of Golden Predator. |
Financings of Golden Predator. |
Nominations of Golden Predator. |
Project news of Golden Predator. |
8/18/2016 | (3ace Property)Predator Pours First Gold from Bulk Sample |
8/15/2016 | (3ace Property)Predator Discovers Coarse Visible Gold in New Vein at 3 Aces... |
9/27/2012 | (Brewery Creek)arranges USD $35,000,000 Loan Facility with RK Mine Finance;... |
7/16/2012 | (Brewery Creek)and Tr'ondek Hwech'in First Nation Update Brewery Creek Proj... |
7/10/2012 | (Brewery Creek)Drilling extends Brewery Creek\222s Bohemian Zone... |
3/5/2012 | (Brewery Creek)Drills Third Major Brewery Creek Discovery; Classic Zone Hos... |
1/5/2012 | (Pan)continues to expand North Slope Zone at its Brewery Creek Pr... |
12/5/2011 | (Pan)Calculates NPV of Royalty Interest in Pan Project at USD $32... |
9/1/2011 | Acquires Livingstone District; Now Controls Largest Land Pos... |
8/11/2011 | (Brewery Creek)Continues Easterly Extension of Bohemian-Schooner Zone at Br... |
8/11/2011 | (Brewery Creek)Continues Easterly Extension of Bohemian-Schooner Zone at
... |
7/26/2011 | (Harlan)Commences Drill Program on its Enticing Harlan Project in
... |
7/18/2011 | (Brewery Creek)Investigates Gold Recovery from Existing Heap Leach Pad at
... |
7/5/2011 | (Grew Creek)drills 92.0 m of 2.02 g/t Gold; Commences Resource
Calcu... |
6/1/2011 | (Brewery Creek)Triples 2011 Budget, Adds Second Drill, and Plans for Third
... |
5/26/2011 | (Grew Creek)Intersects 98.3 m of 1.83 g/t Gold at Carlos Zone, Grew Cree... |
4/26/2011 | (Brewery Creek)Intersects 74 m of 7.08 g/t Gold 250m East of Bohemian Zone,... |
4/21/2011 | (Harlan)Increases Land Position in the Yukon's Selwyn Basin to 7,800... |
4/14/2011 | (Swede Dome)Stakes 4 Project Areas in Historic Yukon Placer Headwaters |
4/8/2011 | (Brewery Creek)Intercepts 28 m of 5.06 g/t Gold at Brewery Creek's Bohemian... |
3/24/2011 | (Brewery Creek)expands Bohemian Discovery with 32.9 m of 3.01 g/t Gold at
... |
2/22/2011 | (Brewery Creek)COMMENCES 2011 YUKON DRILL PROGRAM |
1/24/2011 | (Harlan)Acquires Harlan Property, Yukon |
1/6/2011 | (Mcconnel)Acquires McConnell Property, Yukon |
11/30/2010 | (Gold (scheelite) Dome)Intercepts 21.95 m of 1.00 g/t Gold from Hawthorne Ridge Zon... |
12/10/2009 | (Brewery Creek)Intersects 20.17 gpt Gold over 1.90 m and 4.72 gpt Gold over... |
11/16/2009 | (Gold (scheelite) Dome)Intersects 11.12 gpt Gold over 25.40 m including 52.35 gpt G... |
11/5/2009 | (Antimony Mountain)Intersects 12.45 gpt Gold over 4.88 m including 28.81 gpt Go... |
8/10/2009 | (Adelaide)completes Technical Report on the Adelaide Project, Nevada |
6/8/2009 | (Brewery Creek)GOLDEN PREDATOR ACQUIRES BREWERY CREEK PROJECT, YT |
2/11/2009 | (High Grade Gp) Reports on Initial Exploration at High Grade Project |
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Corporate news of Golden Predator. |
8/2/2016 | Golden Predator Increases Previously Announced Offering to C... |
7/26/2016 | Golden Predator Closes C$16.36 Million Financing; Includes C... |
7/13/2016 | Golden Predator Commences Geotechnical and Metallurgical Dri... |
7/6/2016 | Golden Predator Increases Previously Announced Offering to C... |
6/27/2016 | Golden Predator and Tr’ondëk Hwëch’in Amend Brewery Creek Pr... |
6/27/2016 | Golden Predator Announces $7,300,000 Investment By Eric Spro... |
6/20/2016 | Golden Predator Intersects 11.43m of 31.82 g/t Gold at 3 Ace... |
6/16/2016 | Golden Predator Retires 10,312,154 Common Shares |
6/13/2016 | Tony Lesiak Appointed to Golden Predator’s Board of Director... |
6/10/2016 | Golden Predator Exercises Option to Acquire Shares |
6/8/2016 | Till Capital Receives $1,546,823 CDN From Sale of Golden Pre... |
6/7/2016 | McEwen Mining’s Stefan Spears Appointed to Golden Predator’s... |
6/6/2016 | Golden Predator Reports Initial Gold Gravity Recoveries of 8... |
1/25/2016 | Golden Predator Recovers 79.9 to 90.8% Gold from 3 Aces Prel... |
1/4/2016 | Golden Predator Announces TSXV Approval of Castle West Prope... |
10/6/2015 | Golden Predator Chairman Increases Holdings |
10/2/2015 | Golden Predator Announces Stock Option Grant |
9/30/2015 | Golden Predator Arranges CDN $300,000 Line of Credit |
9/30/2015 | Golden Predator Arranges CDN$300,000 Line of Credit |
9/14/2015 | Golden Predator Confirms Continuity of High Grade Gold from ... |
9/14/2015 | IIROC Trading Resumption - GPY |
9/14/2015 | IIROC Trading Halt - GPY |
9/11/2015 | Golden Predator announces re-election of board at Annual Gen... |
9/3/2015 | Golden Predator Announces Board and Management Appointments;... |
9/3/2015 | IIROC Trading Resumption - GPY |
9/2/2015 | Golden Predator Announces Board and Management Appointments;... |
9/2/2015 | Till Capital Announces Board and Executive Changes |
8/24/2015 | Till Capital Reports on Golden Predator Annual General Meeti... |
8/21/2015 | IIROC Trading Halt - GPY |
7/30/2015 | Golden Predator Adopts Advance Notice Policy |
7/16/2015 | Golden Predator Announces Convertible Debenture Financing |
6/22/2015 | Golden Predator Receives 3 Aces Permit |
4/21/2015 | Golden Predator Completes First Note Payable Payment |
3/30/2015 | Golden Predator Announces Joint Venture and Option Agreement... |
3/16/2015 | Golden Predator Announces Joint Venture and Option Agreement... |
12/2/2014 | Metallurgical Tests Indicate 93.5% to 98.3% Overall Gold Rec... |
11/20/2014 | Golden Predator Files Preliminary Economic Assessment Result... |
11/12/2014 | Golden Predator Announces Positive Preliminary Economic Asse... |
10/22/2014 | Golden Predator Appoints Janet Lee-Sheriff as Chief Executiv... |
9/4/2014 | Gravity Tests Indicate 87% to 96% Gold Recovery at Golden Pr... |
8/25/2014 | Golden Predator Leases the Castle West Property, Nevada |
8/5/2014 | Preliminary Economic Assessment on Brewery Creek Project, Yu... |
7/15/2014 | Golden Predator Commences Preliminary Metallurgical Characte... |
7/10/2014 | Golden Predator Announces Former Yukon Premier Dennis Fentie... |
2/21/2013 | to start trading as Americas Bullion Royalty Corp. (TSX:AMB)... |
2/19/2013 | and Tr\222ondek Hwech\222in ... |
2/19/2013 | and Tr'ondek Hwech'in Disagree with YESAB |
2/7/2013 | Approves Creation of Shareholder Rights Plan, Finalizes Name... |
1/30/2013 | Silver Predator and Redtail Metals Sign Exploration Agreemen... |
1/24/2013 | (Rogue)Discovers High-grade Gold Mineralization on Rogue B Property... |
1/18/2013 | Announces Name Change to Gold Bullion Royalty Corp. |
1/8/2013 | Tr'ondek Hwech'in and Golden Predator Continue to Work Toget... |
1/8/2013 | Tr'ondëk Hwëch'in and Golden Predator Continue to Work Toget... |
11/5/2012 | (Brewery Creek)- Classic Zone Drilling Intersects 41.2 m of 1.04 g/t
Go... |
10/12/2012 | William Sheriff, Chairman & CEO, Interviewed on BNN's Commod... |
10/11/2012 | (Alkalic)Announces New Brewery Creek Discovery; Open-Ended Lone Star ... |
10/11/2012 | (Alkalic)Announces New Brewery Creek Discovery: Open-Ended Lone Star
... |
10/4/2012 | (Brewery Creek)Lower Fosters Zone Drilling Intersects 29.0 m of 1.86 g/t Go... |
7/19/2012 | New Mineralization Encountered at Moosehead Pit, Brewery Cre... |
7/16/2012 | and Tr\222ond\353k Hw\353ch\222in ... |
6/28/2012 | JOINT NEWS RELEASE: Golden Predator Corp. and Seabridge Gold... |
6/7/2012 | Joint News Release: Golden Predator Corp. and Seabridge Gold... |
5/1/2012 | Announces Resource Estimate at Brewery Creek Project of 580,... |
3/22/2012 | (Brewery Creek)Sleeman Zone Drilling Intersects 40.9 m of 1.81 g/t Gold and... |
3/15/2012 | (Brewery Creek)Bohemian-Schooner Zone Drilling Intersects 24.0 m of 1.47 g/... |
2/23/2012 | (Grew Creek)Intersects 68 m of 5.96 g/t Gold at Carlos Zone, Grew Creek ... |
2/22/2012 | (Brewery Creek)East Big Rock Zone Drilling Intersects 15.2 m of 1.93 g/t Go... |
1/20/2012 | Upcoming Events |
1/12/2012 | (Brewery Creek)intersects 30.5 m of 1.97 g/t Gold at its Brewery Creek Proj... |
1/10/2012 | (Harlan)announces New Gold Discovery at Cache Creek (Harlan) Project... |
1/9/2012 | (Brewery Creek)Encounters 35.1 m of 1.63 g/t Gold and 136.72 g/t Silver at ... |
9/12/2011 | 100%\240OF\240EXPIRING\240WAR... |
8/29/2011 | (Pan)Brewery Creek\222s Expanding Sle... |
8/5/2011 | and Ross River Dena Council Sign Traditional Knowledge
P... |
6/30/2011 | (Pan)Continues to Expand Brewery Creek's Bohemian-Schooner Zone |
6/21/2011 | (Grew Creek)Intersects 46.7m of 3.78 g/t Gold at Carlos Zone, Grew Creek... |
3/17/2011 | RECEIVES 5,000,000 SHARES OF SILVER PREDATOR CORP. |
9/29/2009 | Provides Update on Yukon Projects |
7/28/2009 | Drilling Commences at Gold Dome Project, Yukon Territory |
3/7/2009 | Completes Spin-Out |
3/5/2009 | Announces Voting Results of Special Meeting |
3/3/2009 | Timing of Shareholders Meeting To be Held On March 4, 2009 |
2/26/2009 | to Retire Convertible Debentures of Subsidiary |
2/13/2009 | Confirms Date of Shareholder Meeting |
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